GLOBAL - The merger between the Bank of New York and Mellon Financial Corporation will have a minimal impact on the firms' respective asset management divisions, with the vast majority of the 3900 planned job cuts coming from elsewhere, according to John Little, chief executive of Mellon Global Investments.
The new company - The Bank of New York Mellon Corporation - is the result of a planned merger announced today which will see the firm rank among the top 10 global asset managers with over US$1.1trn...
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